MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

SRIKEM LABORATORIES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS27197C

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Pharmaceutical Products.

 

 

Products :
  • Bulk Drug
  • Pharmaceutical Products

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :
  • Oriental Bank of Commerce, Meendeep, Ground Floor, 175. Gujarat Society, Sion (West), Mumbai – 400022, Maharashtra, India
  • Janakalyan Sahakari Bank Limited, 140, Vivek Darshan, Sindhi Society, Chembur, Mumbai – 400 071, Maharashtra, India
  • State Bank of India
  • IDBI Bank
  • UCO Bank

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2013

As on

31.03.2012

Long Term Borrowing

 

 

Term Loan

(Secured by land and Building, plant machinery and personal guarantee of directors)

1.563

3.791

Short Term Borrowing

 

 

Cash Credit A/c

(Secured against boo debts, stock and personal guarantee of directors)

15.963

13.285

Export advance

(packing credit and post shipment advance)

13.053

15.021

Total

30.579

32.097

 

 

UNSECURED LOAN

Rs, In Millions

Particular

As on

31.03.2013

As on

31.03.2012

Long Term Borrowing

 

 

Loans and Advances from Directors

4.808

4.618

Loans and Advances from Related Parties

3.691

0.479

Total

8.499

5.097

 

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

T. Rama Rao and Company

Chartered Accountants

Address :

303, Lotus House, 33A, New Marine Lines, Mumbai – 400 020, Maharashtra, India

Tel. No.:

91-22-22033725/ 22084904/ 22002868

Fax No.:

91-22-22054823

E-Mail :

tramarao@mtnl.net.in

turage_r@rediffmail.com

info@tramarao.com

PAN.:

AADPR8355E

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.08.2013

 

Names of Shareholders

 

No. of Shares

Srinivasan Subramanyam

 

159900

K.V. Ramachandran

 

100

Chitra Shankar

 

30000

Mythili Srinivasan

 

10000

Total

 

200000

 

As on 26.08.2013

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

2.000

2.000

2.000

(b) Reserves & Surplus

53.490

49.234

46.061

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

55.490

51.234

48.061

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

10.061

8.888

13.829

(b) Deferred tax liabilities (Net)

1.755

2.332

3.062

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.486

0.278

0.000

Total Non-current Liabilities (3)

12.302

11.498

16.891

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

29.017

28.306

19.340

(b) Trade payables

51.250

33.668

35.145

(c) Other current liabilities

4.803

3.725

3.807

(d) Short-term provisions

1.332

1.322

0.769

Total Current Liabilities (4)

86.402

67.021

59.061

 

 

 

 

TOTAL

154.194

129.753

124.013

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

43.936

44.452

48.880

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

12.504

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.845

0.876

2.196

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.213

1.688

0.645

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

59.498

47.016

51.721

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

29.790

26.086

19.477

(c) Trade receivables

36.813

31.766

29.400

(d) Cash and cash equivalents

18.236

19.063

18.524

(e) Short-term loans and advances

9.857

5.822

4.891

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

94.696

82.737

72.292

 

 

 

 

TOTAL

154.194

129.753

124.013

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Turnover

NA

169.597

168.540

 

 

Other Income

NA

NA

 

 

 

TOTAL                                     (A)

NA

NA

168.540

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

NA

NA

150.588

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                     (B)

NA

NA

150.588

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

17.866

15.146

17.952

 

 

 

 

 

 

FINANCIAL EXPENSES                         (D)

4.565

4.180

4.407

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

13.301

10.966

13.545

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION                     (F)

5.353

5.805

6.721

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

7.946

5.162

6.824

 

 

 

 

 

 

TAX                                                                  (H)

3.239

1.526

2.087

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

4.707

3.636

5.107

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

46.003

42.973

38.842

 

 

 

 

 

 

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

0.430

0.255

0.255

 

 

Dividend

0.051

0.051

0.051

 

 

Tax on Dividend

0.300

0.300

0.300

 

BALANCE CARRIED TO THE B/S

49.929

46.003

42.973

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

139.884

86.289

64.627

 

TOTAL EARNINGS

139.884

86.289

64.627

 

 

 

 

 

 

Earnings Per Share (Rs.)

23.54

18.18

25.53

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

LOCATIONS

 

Registered Office / Hade Office :

311 Building No.6, Jogani Industrial Estate, Chunabhatti, Mumbai – 400022, Maharashtra, India

Tel. No.:

91-22-24041114 / 24055088 / 65167208

Fax No.:

91-22-24045896 / 24055070

E-Mail :

info@srikem.com

Website :

http://www.srikem.com

 

 

Factory :

Plot No. 17/22, 17/24 and 17/13, MIDC Taloja, Navi Mumbai – 410 208, Maharashtra, India

Tel. No.:

91-22-27402408/ 27410459/ 65108580/ 65108581

Fax No.:

91-22-27402631/ 24045896

E-Mail :

srikem@hotmail.com

srikem@rediffmail.com

srikem@vsnl.com

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.